Economics
Powell Signals Openness to Fed Cut If Needed Over Trade Tensions
- Fed chief acknowledges uncertainty over resolution of issues
- Vice Chair Clarida underlines message that Fed alert to risks
This article is for subscribers only.
Federal Reserve Chairman Jerome Powell signaled an openness to cut interest rates if necessary, pledging to keep a close watch on fallout from a deepening set of disputes between the U.S. and its largest trading partners.
Referring to “trade negotiations and other matters,” Powell said Tuesday in Chicago that “we do not know how or when these issues will be resolved.”